Principles of Economics And Management 3140709 Syllabus Download With Weightage
Principles of Economics And Management 3140709 Syllabus is a term that refers to Information Technology Department covers this subject This year, this Subject is covered in the 4th Semester.
|1||Introduction to Economics; Definitions, Nature, Scope, Difference between
Microeconomics & Macroeconomics
Theory of Demand & Supply; law of demand, law of supply, equilibrium
between demand & supply
Elasticity; elasticity of demand, price elasticity, income elasticity, cross elasticity
|2||Theory of production; production function, meaning, factors of production
(meaning & characteristics of Land, Labour, capital & entrepreneur),
Law of variable proportions & law of returns to scale
Cost; meaning, short run & long run cost, fixed cost, variable cost, total cost,
average cost, marginal cost, opportunity cost.
Break even analysis; meaning, explanation, numerical
|3||Markets; meaning, types of markets & their characteristics ( Perfect
Competition, Monopoly, Monopolistic Completion, Oligopoly)
National Income; meaning, stock and flow concept, NI at current price, NI at
constant price, GNP, GDP, NNP,NDP, Personal income, disposal income.
|4||Basic economic problems; Poverty-meaning, absolute & relative poverty, causes,
measures to reduce
Unemployment: meaning, types, causes, remedies
Inflation; meaning, types, causes, measures to control
|5||Money; meaning, functions, types, Monetary policy- meaning, objectives, tools,
fiscal policy-meaning, objectives, tools
Banking; meaning, types, functions, Central Bank- RBI; its functions, concepts;
CRR, bank rate, repo rate, reverse repo rate, SLR.
|6||Introduction to Management; Definitions, Nature, Management
Difference between Management & administration, skill, types and roles of
managers Management Principles; Scientific principles, Administrative
principles, Maslow’s Hierarchy of needs theory
|7||Functions of Management; Planning, Organizing, Staffing, Directing,
Controlling ( meaning, nature and importance)
Organizational Structures; meaning, principles of organization, types-formal and
informal, line, line & staff, matrix, hybrid (explanation with merits and
demerits), span of control, departmentalization, chain of command,
centralization and decentralisation
|8||Organisational culture of Environment concept of culture and its importance, attributes culture, How does culture affect managers and employees||7|
|9||Corporate Social Responsibility; meaning, importance Business Ethics; meaning, importance.||7|
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